Real Estate
number of Internet users in Tanzania grew by 65 percent over the past year, presenting new opportunities for the real estate industry as the sector continues to shift online. In 2014, approximately 20 per cent of the 45 million people in the country accessed the Internet every day. This number is expected to increase in 2015. According to the statistics released by the National Information Communications Technology Broadband Backbone (NICTBB) the number of people in Tanzania who are using the Internet has hit nine million users, on the back of recent technological innovations. Real estate businesses have been quick to embrace new technologies, with the development of new property portals such as Lamudi that connect the agent to the buyer. People no longer have to move from one place to another looking for property. Instead, they can now browse properties online and have an idea of what they are looking for before they even inspect a property. Managing Director of Lamudi Tanzania, Mustafa Suleimanji, said: “Lamudi has been an early adopter of digital technologies because we can see that the industry is moving in that direction. Online technologies are all about convenience. They are designed to make our lives easier. For example, Lamudi has released an innovative smartphone application which makes it easier for house-hunters to browse available properties anywhere and make inquiries on the go. As an increasing number of people switch online, we expect to see more exciting developments in real estate tech in Tanzania over the coming year.
ABOUT LAMUDI Launched in 2013,Lamudi
is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 28 countries in Asia, the Middle East, Africa and Latin America, with more than 750,000 real estate listings across its global network. The leading real estate marketplace offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online.
